Leadership, Business Schools and Financial Crises: The search for a missing link

Title
Leadership, Business Schools and Financial Crises: The search for a missing link
Publication Date
2013
Author(s)
Khan, Ashfaq A
Ahmad, Wiqar
Type of document
Journal Article
Language
en
Entity Type
Publication
Publisher
Curtin University of Technology
Place of publication
Australia
DOI
10.7790/cibg.v19i1.8
UNE publication id
une:13783
Abstract
Business schools produce leaders who command 'power' and 'governmentality', as per Foucault's theoretical conceptualisations, to institutionalise routines and social practices in contemporary organisations. These leaders must uphold ethics in their business decisions; however, this has not been reflected in many instances, as recurring financial crises have depicted over time. Efforts to address the issue and reach its root cause have failed to deliver concrete results so far, which necessitates an objective probe into today's business education. This conceptual-cum-analytical paper proposes an alternate, indirect approach to effectively tackle the issue. We suggest two remedies: first, transformative teaching and learning activities that inculcate ethical values into students should be implemented at the grass root level - primary and secondary schools, that feed into business schools with future business leaders; second, a conducive corporate governance environment within business organisations that supports ethical decisions and nurtures ethical behaviour needs to be developed - arguably the first being the prerequisite for the second.
Link
Citation
Journal of Contemporary Issues in Business and Government, 19(1), p. 47-64
ISSN
1323-6903
Start page
47
End page
64

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